The PH-China Memorandum of Understanding on Cooperation on Oil and Gas Development, considered a breakthrough in the jagged relationship of the Philippines and China, is expected to move forward when the two governments submit the names who will compose the Working Group during the bilateral meeting of President Duterte and Chinese President Xi Jinping in China on Thursday.
The exchange of names of members of the Working Group is provided for in the Terms of Reference (TOR) on Inter-Governmental Joint Steering Committee and Inter-Entrepreneurial Working Group between the Philippines and China which was signed by Foreign Secretary Teodoro Locsin Jr. and China’s Foreign Minister Wang Yi three weeks ago.
The Working group will negotiate and agree on” inter-entrepreneurial commercial and technical arrangements” that will be conducted in the area of the joint exploration that will be undertaken jointly by the Philippines and China in Philippine waters.